What happens when private equity buys homes in your neighborhood

Shameless apologia for private equity vultures buying up all the houses, what a terrible article. "Oh but renting costs less so it makes your neighborhood more diverse with more lower-income residents!" Yeah and renting also ensures you stay low-income forever by never getting the opportunity to build any equity. Real 'you'll own nothing and you'll be happy' energy

The opening paragraph is also a laugh. "Daniel Erb became a corporate landlord kind of by accident." Yeah he was an investment banker who decided he wanted to invest in real estate so he decided to call his cousin at BlackRock- woopsie! what a weird accident!

Private equity doesn't own a lot of houses. For example, in California large landlords (including private equity but also traditional landlord companies) own 1.9% of houses, small landlords (under 10 houses) own about 20% of houses, and individuals own the rest.

And which way is it trending? Massively upwards, as per the article. I've been getting constant texts for years from private equity parasites trying to buy my house, everyone who owns one does. It won't take long for that 2% to become 5% and then 10% and onwards if nothing is done about it.